Commercial Oven Finance

Q: Can I finance a used commercial oven?

Yes, most lenders finance used ovens up to around 5 years old, and reconditioned Rational and UNOX ovens sourced through authorised dealers generally get the best rates, since they come with a documented inspection and warranty. An independent condition check is usually required for ovens bought privately, given how hard a commercial oven is worked daily. Combi ovens in particular hold their value reasonably well thanks to strong parts and service network support across most professional kitchens.

Q: What deposit do I need for commercial oven finance?

For hire purchase, most lenders ask for a 10-20% deposit, while finance leases and operating leases can often be arranged with no deposit at all. Larger deposits reduce the monthly payment, which is worth weighing against the fact that an oven rarely arrives as the only purchase, since it is usually bought as part of a wider kitchen package where cash also needs to stretch to other equipment, fit-out and staff before the business is generating revenue.

Q: How quickly can I get commercial oven finance?

Most applications are approved within 24 hours, and same-day approval is common for deals under £20,000, which covers most single-oven purchases for a restaurant, bakery or school kitchen. A larger order bundling several ovens as part of a full kitchen package, or one that includes gas connection and extraction work, takes a little longer as the lender reviews the fuller project. An itemised supplier quote separating the oven from any installation work speeds up the review.

Q: Can I include installation in the finance?

Yes, provided they appear on the supplier's invoice alongside the oven itself, most lenders fund installation, gas or electrical connection and extraction work as part of the same agreement rather than requiring it to be paid separately. This matters for a commercial oven given how much of the total project cost can sit in getting it safely connected and certified rather than in the appliance alone, so keeping installation on the same itemised invoice makes it straightforward to include in the finance amount from the outset.

Q: What happens at the end of a commercial oven finance agreement?

Hire purchase transfers full ownership of the oven once the agreement is paid off, which suits a bakery or restaurant wanting to own it outright and keep using it for years. A finance lease usually offers a balloon payment to take ownership, continued rental, or handover to the funder, while an operating lease is return-only, which suits a business wanting to always cook with the latest oven technology rather than run the same unit to the end of its life. Failure, more than age, is usually what actually ends an oven's working life.

Q: Can a new bakery or restaurant finance a commercial oven?

Yes, though a business under two years of trading is more likely to be asked for a personal guarantee, a higher deposit, or evidence such as a signed lease and business plan to support the application. Because an oven is a core, everyday piece of kitchen equipment with an active reconditioned market behind it, lenders specialising in hospitality and catering finance are generally comfortable working with a first-time bakery or restaurant owner provided the wider opening plan is credible.

Spread the cost of commercial ovens from £3,000 to £50,000+ with flexible finance options. HP, lease, or refinance

Can you finance a commercial oven?

Yes, commercial ovens are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £3,000 to £50,000, and most deals are written over 12–48 months with a deposit of around 10–20%. Decisions typically take 24 hours. Used machines are financeable too, usually with a shorter term.

Typical Cost

£3k – £50k

Approval Speed

24 hours

Same-day for < £20k

Rates From

6.0% APR

What would a commercial oven cost per month?

Commercial Oven price (ex VAT) £15,000

Deposit 10%

Agreement term 60 months

Annual interest rate 9%

Balloon payment £0

Your estimate

Indicative only. Not a quote and not an offer of finance.

Pre-filled with a typical commercial oven price. Indicative only, not a quote.

Finance options

Hire Purchase (HP)

Rate: From 6.5% APR
Term: 12–48 months
Deposit: 10–20%
Ownership: Yours at the end
Best for: Bakeries and restaurants wanting to own ovens outright

Finance Lease

Rate: From 6.0% APR
Term: 12–48 months
Deposit: None required
Ownership: Return or buy (balloon payment)
Best for: Tax-efficient, claim 100% of payments against profit

Operating Lease

Rate: From 6.8% APR
Term: 24–48 months
Deposit: None required
Ownership: Return at end
Best for: Always cook with the latest technology. Off balance sheet.

Representative example

On a purchase price of £15,000: a 10% deposit of £1,500, then 48 monthly payments of £316 at 5.9% APR representative (fixed). Total amount payable £16,668, including the deposit. The rate you are offered depends on your business and the asset.

Machine or specification	Guide price	Type
Rational iCombi Pro 10-1/1	£12,000 – £18,000	Combi Oven
UNOX BAKERTOP MIND.Maps	£8,000 – £14,000	Bakery Oven
Moretti Forni Neapolis	£15,000 – £25,000	Electric Pizza Oven
Convotherm maxx pro	£10,000 – £20,000	Combi Steamer

Tax benefits

Commercial ovens qualify for Annual Investment Allowance (AIA), letting you deduct the full cost from taxable profits in year one. HP agreements allow capital allowances. Lease payments are fully deductible from profits.

Bad credit?

Some specialist lenders consider businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options may be available. Fundably may use a soft credit check for matching, which does not affect your credit score. A hard check may happen if you choose to proceed with a lender.

Frequently asked questions

Can I finance a used commercial oven?

Yes, most lenders finance used ovens up to around 5 years old, and reconditioned Rational and UNOX ovens sourced through authorised dealers generally get the best rates, since they come with a documented inspection and warranty. An independent condition check is usually required for ovens bought privately, given how hard a commercial oven is worked daily. Combi ovens in particular hold their value reasonably well thanks to strong parts and service network support across most professional kitchens.

What deposit do I need for commercial oven finance?

For hire purchase, most lenders ask for a 10-20% deposit, while finance leases and operating leases can often be arranged with no deposit at all. Larger deposits reduce the monthly payment, which is worth weighing against the fact that an oven rarely arrives as the only purchase, since it is usually bought as part of a wider kitchen package where cash also needs to stretch to other equipment, fit-out and staff before the business is generating revenue.

How quickly can I get commercial oven finance?

Most applications are approved within 24 hours, and same-day approval is common for deals under £20,000, which covers most single-oven purchases for a restaurant, bakery or school kitchen. A larger order bundling several ovens as part of a full kitchen package, or one that includes gas connection and extraction work, takes a little longer as the lender reviews the fuller project. An itemised supplier quote separating the oven from any installation work speeds up the review.

Can I include installation in the finance?

Yes, provided they appear on the supplier's invoice alongside the oven itself, most lenders fund installation, gas or electrical connection and extraction work as part of the same agreement rather than requiring it to be paid separately. This matters for a commercial oven given how much of the total project cost can sit in getting it safely connected and certified rather than in the appliance alone, so keeping installation on the same itemised invoice makes it straightforward to include in the finance amount from the outset.

What happens at the end of a commercial oven finance agreement?

Hire purchase transfers full ownership of the oven once the agreement is paid off, which suits a bakery or restaurant wanting to own it outright and keep using it for years. A finance lease usually offers a balloon payment to take ownership, continued rental, or handover to the funder, while an operating lease is return-only, which suits a business wanting to always cook with the latest oven technology rather than run the same unit to the end of its life. Failure, more than age, is usually what actually ends an oven's working life.

Can a new bakery or restaurant finance a commercial oven?

Yes, though a business under two years of trading is more likely to be asked for a personal guarantee, a higher deposit, or evidence such as a signed lease and business plan to support the application. Because an oven is a core, everyday piece of kitchen equipment with an active reconditioned market behind it, lenders specialising in hospitality and catering finance are generally comfortable working with a first-time bakery or restaurant owner provided the wider opening plan is credible.

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Guides and resources

What Is Asset Finance? HP vs Leasing Operating vs Finance Lease Best Asset Finance Companies Close Brothers Review Lombard Review

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